A Porsche logo is seen on a vehicle displayed during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023.
REUTERS/Angelika Warmuth/file photo Acquire Licensing RightsFRANKFURT, Sept 28 (Reuters) - Luxury carmaker Porsche AG (P911_p.DE) on Thursday confirmed its 2023 outlook, saying demand for its cars remained strong despite the challenging macroeconomic environment.
This also influenced the price of the (Porsche AG) share."
Still, the company said it still expects an operating return on sales of 17%-19% in 2023 on sales of 40 billion to 42 billion euros ($42.05 billion to $44.15 billion), as well as a return on sales of more than 20% long-term.
($1 = 0.9512 euros)Reporting by Christoph Steitz, Editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.
Persons:
Angelika Warmuth, Porsche, Christoph Steitz, Rachel More
Organizations:
REUTERS, Rights, Porsche AG, Porsche, Thomson
Locations:
Munich, Germany, China